GST and Small Business
GST and property transactions When will you get credits? To ensure you can receive GST input tax credits on time,…
What the ATO is seeing in the small business market
On 2 November 2018, the Deputy Commissioner of Small Business, Deborah Jenkins, delivered a keynote address at a conference run…
Do you hold vacant land? Your expenses may no longer be deductible
Are you a property owner sitting on vacant land? The Government has recently released draft legislation to deny deductions for…
Do you import goods and services?
Do you import goods and services? GST applies to most imports over $1,000. GST is 10% of the value of…
Do you borrow or use business assets for your personal use and enjoyment?
If you answered yes to this question, then the legislative provisions of Division 7A of the Income Tax Assessment Act…
Rental property deductions – the do’s and don’ts!
Do you own a rental or investment property? If the answer is yes and you are thinking of buying one,…
Claiming decuctions? Top 10 myths busted
The ATO has identified the top 10 tax myths it says are causing incorrect claims. Myth 1: Everyone can automatically claim $150…
5 Tax time changes that may affect you
Several new tax time-related changes have happened since last year. Here are just five of them to be aware of.…
What concessions can small businesses tap into this tax time?
There are a range of tax concessions that your small business might be eligible for. Here are a few you should consider…
What’s on the ATO’s radar this tax time?
The ATO is paying close attention to a few expenses this year. Find out what is attracting the ATO’s attention.…
